Gupta, who began his career with HCL in 1993, recently resigned from his post, paving way for current Chief Operating Officer C Vijayakumar to head the IT services major.

TECHCELX will invest between Rs 50 lakh and Rs 10 crore in disruptive technology ventures and the shareholding will range between 15% and 51%. Gupta said that with TECHCELX, he is pursuing his long-term goal to promote the “country’s entrepreneurship and innovation potential in the technology space”.